Gulf Resources Inc. (NV) (GURE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
LEVEL 11, VEGETABLE BUILDING SHOUGUANG CITY, SHANDONG, 262700 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 28 - Chemicals And Allied Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 108,226 | 95,767 | 94,223 | 100,302 | 178,999 | 208,907 | |||
| Cash and cash equivalents | 108,226 | 95,767 | 94,223 | 100,302 | 178,999 | 208,907 | |||
| Receivables | 1 | 1 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 1,599 | 691 | 420 | 690 | (65) | 1,197 | |||
| Inventory | 1,599 | 691 | 420 | 690 | (65) | 1,197 | |||
| Prepaid expense | 235 | 247 | |||||||
| Other undisclosed current assets | 9,600 | 18,976 | 12,669 | 6,211 | 8,174 | 31,163 | |||
| Total current assets: | 119,425 | 115,435 | 107,311 | 107,203 | 187,344 | 241,513 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 186 | 180 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 8,098 | 8,311 | 8,869 | 8,818 | ✕ | ✕ | |||
| Property, plant and equipment | 149,917 | 162,658 | 148,948 | 137,995 | 82,283 | 95,115 | |||
| Intangible assets, net (including goodwill) | 29,375 | ||||||||
| Goodwill | 29,375 | ||||||||
| Prepaid expense | 9,508 | 10,368 | 10,134 | 9,115 | 9,639 | 14,478 | |||
| Deferred income tax assets | 5,319 | 12,900 | ✕ | ✕ | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 19,031 | 6,527 | ||
| Other undisclosed noncurrent assets | 164 | 185 | 18,590 | 15,941 | 251 | 492 | |||
| Total noncurrent assets: | 173,006 | 194,422 | 186,727 | 172,048 | 111,203 | 145,986 | |||
| TOTAL ASSETS: | 292,431 | 309,857 | 294,038 | 279,251 | 298,547 | 387,499 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,824 | 10,531 | 5,082 | 1,106 | 905 | 1,032 | |||
| Taxes payable | ✕ | ✕ | 776 | 1,326 | 1,189 | 1,042 | |||
| Employee-related liabilities | ✕ | ✕ | 267 | 370 | 416 | 382 | 529 | ||
| Accounts payable | 58 | 202 | 480 | 89 | 524 | 503 | |||
| Accrued liabilities | 1,972 | 1,019 | 446 | 358 | |||||
| Other undisclosed accounts payable and accrued liabilities | 5,794 | 8,267 | 2,460 | 243 | (1,189) | (1,042) | |||
| Debt | 213 | 227 | 217 | 615 | 197 | 203 | |||
| Due to related parties | ✕ | 2,606 | 1,849 | ||||||
| Other undisclosed current liabilities | 1,133 | 1,282 | 1,804 | 4,585 | 1,521 | 1,998 | |||
| Total current liabilities: | 11,776 | 13,890 | 7,102 | 6,306 | 2,624 | 3,233 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,462 | 9,328 | 9,911 | 9,838 | 2,070 | 2,304 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 2,070 | 2,304 | ||
| Finance lease, liability | 1,462 | 1,771 | 1,889 | 1,906 | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 7,576 | ||||||||
| Operating lease, liability | 7,576 | 7,558 | 8,022 | 7,932 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (7,558) | (8,022) | |||||||
| Total noncurrent liabilities: | 9,037 | 9,328 | 9,911 | 9,838 | 2,070 | 2,304 | |||
| Total liabilities: | 20,813 | 23,218 | 17,014 | 16,144 | 4,693 | 5,537 | |||
| Equity | |||||||||
| Equity, attributable to parent | 271,618 | 286,639 | 277,024 | 263,107 | 293,853 | 381,962 | |||
| Common stock | 24 | 24 | 24 | 24 | 24 | 24 | |||
| Treasury stock, value | (1,373) | (510) | (510) | (510) | (555) | (555) | |||
| Additional paid in capital | 101,237 | 100,569 | 97,435 | 95,043 | 95,021 | 94,525 | |||
| Accumulated other comprehensive income (loss) | (13,027) | 11,859 | 4,453 | (15,492) | (10,478) | 8,163 | |||
| Retained earnings | 184,757 | 174,697 | 175,622 | 184,042 | 209,842 | 279,806 | |||
| Other undisclosed equity, attributable to parent | |||||||||
| Total equity: | 271,618 | 286,639 | 277,024 | 263,107 | 293,853 | 381,962 | |||
| TOTAL LIABILITIES AND EQUITY: | 292,431 | 309,857 | 294,038 | 279,251 | 298,547 | 387,499 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 66,094 | 55,031 | 28,207 | 10,597 | 2,595 | 107,522 | ||
| Other operating income | (408) | 282 | ||||||
| Cost of revenue | (14,507) | (8,318) | (19,415) | (5,430) | (1,310) | (63,157) | ||
| Cost of goods and services sold | (8,170) | (15,175) | (21) | (310) | ||||
| Other cost of operating revenue | (14,507) | (8,318) | ||||||
| Gross profit: | 51,587 | 46,712 | 8,792 | 5,166 | 1,285 | 44,365 | ||
| Operating expenses | (49,613) | (49,820) | (10,283) | (13,285) | (46,677) | (474) | ||
| Other operating expense, net (Other Expenses) | (22) | |||||||
| Other undisclosed operating income (loss) | 14,507 | 8,318 | (8,170) | (15,175) | (38,161) | (32,720) | ||
| Operating income (loss): | 16,482 | 5,211 | (9,683) | (23,294) | (83,553) | 11,172 | ||
| Nonoperating income (expense) | 286 | 300 | (1,541) | 868 | 501 | 392 | ||
| Investment income, nonoperating | 286 | 295 | 291 | 447 | 661 | 556 | ||
| Gain (loss), foreign currency transaction, before tax | (1,832) | 422 | ||||||
| Interest and debt expense | (121) | (137) | (136) | (145) | (160) | (164) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1,832 | (422) | 160 | 164 | ||||
| Income (loss) from continuing operations before income taxes: | 16,646 | 5,374 | (9,529) | (22,993) | (83,052) | 11,563 | ||
| Income tax expense (benefit) | (6,587) | (6,298) | 1,108 | (2,807) | 13,088 | (3,610) | ||
| Income (loss) from continuing operations: | 10,059 | (925) | (8,420) | (25,800) | (69,964) | 7,953 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (925) | (8,420) | (25,800) | (69,964) | 7,953 | |
| Net income (loss) available to common stockholders, diluted: | 10,059 | (925) | (8,420) | (25,800) | (69,964) | 7,953 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 10,059 | (925) | (8,420) | (25,800) | (69,964) | 7,953 | ||
| Comprehensive income (loss): | 10,059 | (925) | (8,420) | (25,800) | (69,964) | 7,953 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (24,886) | 7,406 | 19,945 | (5,014) | (18,641) | 24,157 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (14,827) | 6,481 | 11,525 | (30,814) | (88,605) | 32,111 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.